Skip to content
Nonprofiteer
← CARILION CLINIC FOUNDATION

Form 990 for tax year 2024

Filed by CARILION CLINIC FOUNDATION.

Totals

Total revenue
$15,481,894
Total expenses
$4,349,028
Contributions and grants received
$7,843,245
Grants paid
$1,673,250
Program service revenue
$2,099,747
Investment income
$5,538,902
Other revenue
$0
Total assets, end of year
$85,331,508
Total liabilities, end of year
$155,395
Net assets or fund balances, end of year
$85,176,113
Program services expenses (Part IX)
$2,352,986
Management and general expenses
$600,639
Fundraising expenses
$1,395,403
Program service expenses (Part III)
$2,352,986

Program services were 54.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $813,391

  • 1d · Related organizations

    $18,750

  • 1e · Government grants (contributions)

    $13,684

  • 1f · All other contributions, gifts and grants

    $6,997,420

  • 1g · Noncash contributions included above

    $1,127,552

  • 2a · Program service revenue: ADMINISTRATIVE SERVICES

    total $2,099,747 · related or exempt $2,099,747

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,716,318 · excluded $1,716,318

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $5,298,097 · other assets $224,434

  • 7b · Less cost or other basis and sales expenses

    securities $1,508,947 · other assets $191,000

  • 7c · Gain or loss

    securities $3,789,150 · other assets $33,434

  • 7d · Net gain or loss

    total $3,822,584 · excluded $3,822,584

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,375,589 · program services $1,375,589

  • 2 · Grants to domestic individuals

    total $297,661 · program services $297,661

  • 5 · Compensation of officers, directors and key employees

    total $351,791 · management and general $87,948 · fundraising $263,843

  • 7 · Other salaries and wages

    total $711,086 · program services $82,340 · management and general $164,701 · fundraising $464,045

  • 8 · Pension plan contributions

    total $23,755 · program services $2,776 · management and general $5,554 · fundraising $15,425

  • 9 · Other employee benefits

    total $45,820 · program services $6,138 · management and general $18,854 · fundraising $20,828

  • 10 · Payroll taxes

    total $69,960 · program services $5,624 · management and general $16,597 · fundraising $47,739

  • 11b · Fees: legal

    total $17,728 · management and general $17,728

  • 11d · Fees: lobbying

    total $222 · program services $222

  • 11f · Fees: investment management

    total $111,864 · management and general $111,864

  • 11g · Fees: other

    total $540,474 · program services $43,562 · management and general $131,984 · fundraising $364,928

  • 12 · Advertising and promotion

    total $2,988 · program services $241 · management and general $730 · fundraising $2,017

  • 13 · Office expenses

    total $74,513 · program services $20,924 · management and general $10,092 · fundraising $43,497

  • 14 · Information technology

    total $93,033 · program services $11 · management and general $33 · fundraising $92,989

  • 16 · Occupancy

    total $47,999 · program services $3,513 · management and general $15,059 · fundraising $29,427

  • 17 · Travel

    total $10,456 · program services $843 · management and general $2,553 · fundraising $7,060

  • 22 · Depreciation, depletion and amortization

    total $5,951 · program services $480 · management and general $1,453 · fundraising $4,018

  • 23 · Insurance

    total $18,175 · program services $684 · management and general $2,491 · fundraising $15,000

  • 24a · Other expenses: AFFILIATE PROGRAM SUPPORT

    total $508,827 · program services $508,827

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $36,415 · program services $2,935 · management and general $8,893 · fundraising $24,587

  • 24c · Other expenses: MISCELLANEOUS

    total $4,721 · program services $616 · management and general $4,105

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $9,867,771 · end of year $15,113,737

  • 3 · Pledges and grants receivable

    beginning of year $4,131,569 · end of year $2,991,979

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,232 · end of year $23,751

  • 10a · Land, buildings and equipment: cost or other basis

    $575,057

  • 10b · Land, buildings and equipment: accumulated depreciation

    $55,668

  • 10c · Land, buildings and equipment, net

    beginning of year $709,371 · end of year $519,389

  • 11 · Investments: publicly traded securities

    beginning of year $27,954,583 · end of year $27,201,177

  • 12 · Investments: other securities

    beginning of year $29,682,442 · end of year $39,481,475

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $193,887 · end of year $137,244

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $14,019 · end of year $18,151

  • 27 · Net assets without donor restrictions

    beginning of year -$3,549,698 · end of year -$3,327,804

  • 28 · Net assets with donor restrictions

    beginning of year $75,721,760 · end of year $88,503,917

Mission and programs · 2024

Mission

OUR MISSION IS TO IMPROVE THE HEALTH OF THE COMMUNITIES SERVED BY CARILION CLINIC THROUGH FUNDRAISING, ASSET MANAGEMENT, GRANTS, PROJECTS, AND RELATED ACTIVITIES TO SUPPORT PATIENT CARE, COMMUNITY NEEDS, MEDICAL RESEARCH, AND CAPITAL NEEDS.

Activities or mission (Part I)

OUR MISSION IS TO IMPROVE THE HEALTH OF THE COMMUNITIES SERVED BY CARILION CLINIC THROUGH FUNDRAISING, GRANTS, AND OTHER ACTIVITIES TO SUPPORT PATIENT CARE, COMMUNITY NEEDS, MEDICAL RESEARCH, AND CAPITAL NEEDS.

  • THE CARILION CLINIC FOUNDATION SUPPORTS DEVELOPMENT AND OUTREACH AND SECURES PHILANTHROPIC SUPPORT FOR CARILION CLINIC'S 7 HOSPITALS AND MULTIPLE CLINIC SITES. GIFTS TO THE FOUNDATION SUPPORT CARILION CLINIC'S PATIENT CARE, COMMUNITY OUTREACH, MEDICAL RESEARCH AND CAPITAL NEEDS.

    Expenses $2,352,986 · Grants $1,673,250 · Revenue $2,099,747

As filed on the 2024 return.

Listed in Part VII

  • ROBERT BENNETT

    DIRECTOR/CHAIR

    Total calculated
    $1,550
    From this org
    $0
    From related orgs
    $1,550
    Other
    $0
    Hours/week
    1 + 2.4 related

  • DAWN LONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • EDDIE SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • GEORGE CARTLEDGE JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • J DAVID WINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JAMES HALL JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JAMES HARTLEY

    DIRECTOR

    Total calculated
    $23,125
    From this org
    $0
    From related orgs
    $23,125
    Other
    $0
    Hours/week
    0.5 + 8.2 related

  • NANCY HOWELL AGEE

    DIRECTOR/CEO EMERITUS, CARILION CLINIC

    Total calculated
    $2,583,851
    From this org
    $0
    From related orgs
    $2,565,963
    Other
    $17,888
    Hours/week
    24 + 26 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,794,446 related
    Bonus
    $0 + $555,971 related
    Other
    $0 + $215,546 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $17,888 related
    Filer's total
    $0 + $2,583,851 related

  • SANDRA LOVINGUTH PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • STEPHEN MUSSELWHITE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • WILLIAM KINGERY JR

    DIRECTOR

    Total calculated
    $8,400
    From this org
    $0
    From related orgs
    $8,400
    Other
    $0
    Hours/week
    0.5 + 7 related

  • DONALD HALLIWILL

    ASST. TREASURER/EVP/CFO

    Total calculated
    $1,716,217
    From this org
    $0
    From related orgs
    $1,309,012
    Other
    $407,205
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $825,952 related
    Bonus
    $0 + $207,880 related
    Other
    $0 + $275,180 related
    Deferred
    $0 + $380,086 related
    Nontaxable benefits
    $0 + $27,119 related
    Filer's total
    $0 + $1,716,217 related

  • G ROBERT VAUGHAN JR

    TREASURER/SVP

    Total calculated
    $869,826
    From this org
    $0
    From related orgs
    $543,489
    Other
    $326,337
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $382,897 related
    Bonus
    $0 + $73,983 related
    Other
    $0 + $86,609 related
    Deferred
    $0 + $299,218 related
    Nontaxable benefits
    $0 + $27,119 related
    Filer's total
    $0 + $869,826 related

  • JULIE SMITH-HAMILTON

    ASST. SECRETARY

    Total calculated
    $90,373
    From this org
    $0
    From related orgs
    $63,772
    Other
    $26,601
    Hours/week
    0.5 + 39.5 related

  • NICHOLAS CONTE

    SECRETARY/EVP/CLO

    Total calculated
    $1,486,316
    From this org
    $0
    From related orgs
    $1,218,022
    Other
    $268,294
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $786,488 related
    Bonus
    $0 + $196,275 related
    Other
    $0 + $235,259 related
    Deferred
    $0 + $248,836 related
    Nontaxable benefits
    $0 + $19,458 related
    Filer's total
    $0 + $1,486,316 related

  • RALPH ALEE

    VICE PRESIDENT

    Total calculated
    $366,534
    From this org
    $299,573
    From related orgs
    $0
    Other
    $66,961
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $256,193
    Bonus
    $41,479
    Other
    $1,901
    Deferred
    $49,553
    Nontaxable benefits
    $17,408
    Filer's total
    $366,534

  • AMY BRIDGE

    OPERATIONS DIRECTOR

    Total calculated
    $156,748
    From this org
    $132,375
    From related orgs
    $0
    Other
    $24,373
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,750
    Bonus
    $425
    Other
    $1,200
    Deferred
    $16,469
    Nontaxable benefits
    $7,904
    Filer's total
    $156,748

  • KIMBERLY BLAIR

    SENIOR DIRECTOR

    Total calculated
    $167,912
    From this org
    $159,930
    From related orgs
    $0
    Other
    $7,982
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,045
    Bonus
    $425
    Other
    $460
    Deferred
    $0
    Nontaxable benefits
    $7,982
    Filer's total
    $167,912

  • TAYLOR ADKINS

    PHILANTHROPY DIRECTOR

    Total calculated
    $156,096
    From this org
    $148,111
    From related orgs
    $0
    Other
    $7,985
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,500
    Bonus
    $425
    Other
    $186
    Deferred
    $7,831
    Nontaxable benefits
    $154
    Filer's total
    $156,096

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION
THE ORGANIZATION HAS A SINGLE MEMBER, CARILION CLINIC, A CHARITABLE TAX-EXEMPT ORGANIZATION WHICH SERVES AS THE PARENT COMPANY OF THE CARILION CLINIC INTEGRATED HEALTH CARE DELIVERY SYSTEM. EXECUTIVE COMPENSATION, INCLUDING THAT OF THE VICE PRESIDENT, FOUNDATION, WHO IS THE FILING ORGANIZATION'S TOP MANAGEMENT OFFICIAL, IS REVIEWED ANNUALLY BY THE CARILION CLINIC BOARD OF DIRECTORS COMPENSATION COMMITTEE. THIS COMMITTEE IS MADE UP OF BOARD MEMBERS OF CARILION CLINIC WHO DO NOT HAVE A CONFLICT OF INTEREST WITH ANY OF THE EXECUTIVES BEING REVIEWED. THIS REVIEW INCLUDED REVIEW OF A COMPREHENSIVE REPORT FROM AN INDEPENDENT, OUTSIDE COMPENSATION CONSULTANT SPECIALIZING IN HEALTHCARE ORGANIZATIONS FOR SELECT POSITIONS AND THE PRIOR YEAR'S REPORT ON ALL OF THE REVIEWED POSITIONS. THE REPORTS REVIEWED BY THE COMMITTEE INCLUDED A COMPARISON OF TOTAL COMPENSATION AND EACH ELEMENT THEREOF, INCLUDING BASE SALARY, BONUS,'AT-RISK OTHER CASH COMPENSATION, AND BENEFITS, INCLUDING DEFERRED AND RETIREMENT BENEFITS. COMPENSATION WAS COMPARED TO BOTH A NATIONAL AND REGIONAL PEER GROUP OF ORGANIZATIONS SIMILAR IN SIZE AND STRUCTURE TO THE ORGANIZATION, WHICH LIST WAS REVIEWED BY THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE MAINTAINED MINUTES OF ITS MEETINGS, SETTING FORTH THE DELIBERATIONS AND DECISIONS OF THE COMMITTEE REGARDING THE COMPENSATION OF THESE EXECUTIVES.
SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
MR. CONTE, MR. HALLIWILL, AND MR. VAUGHAN PARTICIPATE IN A DEFINED CONTRIBUTION SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (DC SERP). CONTRIBUTIONS TO THE PLAN ARE AT THE DISCRETION OF CARILION CLINIC'S COMPENSATION COMMITTEE. AMOUNTS VEST AND BECOME NON-FORFEITABLE AND PAYABLE UPON THE FIRST OF THE FOLLOWING (1) ATTAINMENT OF SCHEDULED VESTING DATE (2) ATTAINMENT OF AGE AND YEARS OF SERVICE REQUIREMENTS (3) DISABILITY OR DEATH WHILE AN ELIGIBLE EMPLOYEE OR (4) ENTITLEMENT TO SEVERANCE BENEFITS FROM AN INVOLUNTARY TERMINATION WITHOUT REASONABLE CAUSE OR RESIGNATION WITH GOOD REASON. UNVESTED CONTRIBUTIONS MADE TO THE DC SERP IN THE REPORTING PERIOD ARE INCLUDED IN PART II, COLUMN C OF THIS SCHEDULE WITH "RETIREMENT AND OTHER DEFERRED COMPENSATION," WHILE VESTED CONTRIBUTIONS PAID OUT DURING THE YEAR ARE INCLUDED IN PART II, COLUMN B(III). THE FOLLOWING DISTRIBUTIONS WERE MADE TO THESE INDIVIDUALS UNDER THIS PLAN IN THE REPORTING YEAR. DEFERRED IN PRIOR YEAR AND PAID OUT IN CURRENT YEAR: $227,408 - NICHOLAS CONTE $269,399 - DONALD HALLIWILL $80,547 - G. ROBERT VAUGHAN, JR. MS. AGEE PARTICIPATES IN AN EXECUTIVE FLEXIBLE BENEFIT PLAN, UNDER WHICH SHE RECEIVES AN ALLOWANCE WHICH CAN BE USED TO OBTAIN CERTAIN BENEFITS, WITH THE EXCESS DEFERRED UNTIL THE APPLICABLE VESTING DATE. AMOUNTS RECEIVED UNDER THIS PLAN NOW VEST IMMEDIATELY AND THUS ARE NO LONGER DEFERRED. $202,495 WAS DISTRIBUTED UNDER THIS PLAN IN THE REPORTING YEAR.
SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS
THE ORGANIZATION PAYS ANNUAL 'AT RISK' COMPENSATION TO CERTAIN MEMBERS OF MANAGEMENT BASED ON PERFORMANCE OF APPLICABLE SCORECARD METRICS. WHILE THE SCORECARD CONTAINS A FORMULA AS A BASIS FOR DETERMINING OVERALL PERFORMANCE, IN CERTAIN CASES, SENIOR MANAGERS HAVE DISCRETION TO INCLUDE ADDITIONAL ELEMENTS IN THEIR ASSESSMENT OF MANAGERS REPORTING TO THEM. IN ADDITION, FOR TOP MANAGEMENT, THE ACTUAL NON FIXED PAYMENT AWARDED IS DETERMINED IN THE DISCRETION OF THE CARILION CLINIC BOARD OF DIRECTORS AND ITS COMPENSATION COMMITTEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • HARWICK REAL ESTATE LLC

    REAL ESTATE · VA · income $224,434 · assets $722,273

    Directly controlled by CARILION CLINIC FOUNDATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.1
Source object
202612299349302721

The source document this was parsed from is served over the API, which is where bulk and document access live.